IRVING, TX—DFW Land, LLC, an investment LLC, has acquired Corporate Point, an approximately 242,000-square-foot 10-story office tower located at 5615 Highpoint Drive at Corporate Drive in the office center of the Las Colinas master-planned community.
Creighton Stark, president, Institutional Office Investments, with Weitzman, working with International Capital, LLC, of Dallas as well as broker Matthew Rosenfeld. The purchaser's broker was David Davidson of Davidson Bogel Real Estate.
Built in 1981 and renovated in 2007 and 2015, the tower features a new conference center, training room, tenant lounge, full-service fitness center and commercial grade cafe. The property also comes with an additional 7.5 acres for future development. Corporate Point is located in Las Colinas, one of the country’s prominent office markets with recent major expansions from Wells Fargo, Christus Health and the new Ritz Carlton Resort. Additionally, the submarket is home to diverse industries including technology, medical, energy, aviation and finance. The tower’s location offers immediate proximity to D-FW International Airport, as well as Dallas Love Field Airport and Dallas’ CBD.
Further, Corporate Point features immediate access to W. John Carpenter Freeway (SH-114) and President George Bush Turnpike (SH-161). Corporate Point’s neighborhood is affluent and has an extensive list of amenities including some of North Dallas’ finest dining and retail destinations. Additionally, Corporate Point lends itself well to the well-established corporate mecca, where seven Fortune 500 corporate headquarters call home. Furthermore, Las Colinas has become an 18-hour city with the addition of some of the nicest, newest multifamily developments in North Texas and some of the highest quality entertainment venues in the area, including the Toyota Music Factory and the Irving Convention Center.
